“Researchers looked at two surveys of Americans between the ages of 25 and 64 who have private coverage. Among their findings, researchers uncovered that just 14 percent of respondents had an understanding of the most basic insurance concepts of “deductible, copay, co-insurance and out-of-pocket maximum.”

All the more reason we need to spread the word on the excellent info graphic on Obamacare linked above. Just as more and more Americans are using the web to learn about their health and become active participants the need to understand and make decisions about health insurance will make a difference.

Jane Sarasohn-Kahn writing on her blog HealthPopuli is addressing the issue of our understanding of health insurance with an excellent review of new research by George Loewenstein from Carnegie Mellon Published in Journal of Health Economics.

Here is a sample of a chart from that study and it is speaks volumes about what we don’t know and need to know.